Banking Law - Questions and Answers for Competitive Exams | GkSeries

49. Credit cards first emerged in 1920s

• [A] India
• [B] China
• [C] USA
• [D] UK

Answer: Option [C]

50. Which of the first subsidiary bank of State Bank of India to do whole computerization of all its branches?

• [A] State Bank of Patiala
• [B] State Bank of Hyderabad
• [C] State Bank of Saurashtra
• [D] State Bank of Travancore

Answer: Option [A]

51. Which is the first bank to introduce Credit card in India?

• [A] Bank of India
• [B] Global Trust Bank
• [C] IndusInd Bank
• [D] Central Bank of India

Answer: Option [D]

52. Which is the first change in banking sector of India after independence?

• [A] Nationalization of Banks
• [B] Social control on Banks
• [C] Establishment of SBI
• [D] Establishment of RBI

Answer: Option [B]

53. The following one is absolutely essential for a special crossing

• [A] Two parallel transverse lines
• [B] Words "And company?
• [C] Words "Not negotiable"
• [D] Name of a banker

Answer: Option [D]

54. Which of the following is not the form of E-banking?

• [A] Internet Banking
• [B] Direct Deposit in Bank
• [C] Electronic cheque conversion
• [D] Mobile banking

Answer: Option [B]

55. Interest payable on savings bank accounts is?

• [A] Regulated by State Government
• [B] De-regulated by RBI
• [C] Regulated by RBI
• [D] Regulated by Finance Minister

Answer: Option [B]

56. Which of the following is correct statement?

• [A] No interest is paid on current deposit accounts
• [B] Interest is paid on current accounts at the same rate as term deposit accounts
• [C] The rate of interest on current accounts and savings accounts are the same
• [D] No interest is paid on any deposit by the bank

Answer: Option [A]

57. The chief activities of bank do not include

• [A] Providing loans
• [B] Accepting deposits
• [C] Providing lockers
• [D] Selling real estate properties

Answer: Option [D]

58. Electronic cash is also called as

• [A] Hot money
• [B] Digital money
• [C] Instant money
• [D] Easy money

Answer: Option [B]

59. Use of personal computers at home for conducting their banking operation with their banks is called

• [A] Mobile Banking
• [B] Anywhere Banking
• [C] Internet Banking
• [D] Home Banking

Answer: Option [D]

60. Which electronic fund transfer system run on the basis of "Deferred Net Settlement"

• [A] NEFT
• [B] RTGS
• [C] SMS
• [D] BIFSC

Answer: Option [A]